DALY CITY, Calif., Aug. 26, 2014 /PRNewswire/ -- American Boarding Company, (OTCPink Symbol: AMIB) leading provider of quality housing communities and services announced that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective July 9, 2014.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Reza Noorkayhani, CEO of American Boarding Company, stated, "We are pleased to announce that we have obtained DTC eligibility, effective July 9, 2014. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock. We continue to make positive steps to grow the Company. We would like to thank our transfer agent, Vstock Transfer, for their guidance through this process. We will continue to update our shareholders on our progress."
About American Boarding Company:
American Boarding Company's web site www.americanboardingcompany.com provides a platform for incorporating sustainable features into our communities and supports ABC's mission of providing quality housing. This dedication promotes healthy, comfortable and marketable living environments. Our dedication to these principles extends beyond our employees to our residents and partner institutions. The long-term value generated by operational efficiency benefits us as company and our stakeholders.
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as American Boarding Company or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
SOURCE American Boarding Company